1932-01-22 — Page 2

THE

CHINA MAIL.

FRIDAY, JANUARY 22, 1932.

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

Authorised Capital $86,100,000 Tsed and Pulls Paid

............... 90,000,00 Bussey. Pusta

Sperling £4,500,000

Штат

Besar Liability of Proprialien ... $90,000,006

KRAD OFFICE: HONG KONG.

BOARD OF DINKOTONA :—

Blon, Mr. O. G. 8, Mackie, Chairmen

Hon. Me. J. J. Paterson. Deputy Chairman,

J. A. Plurat, Zaq,

T. II. R. Bhaw, Esq.

W. II. Bel, Esq.

A. U. Compton, Esq.

G. Miskin, Esq.

J. F. Warren, Esq.

1. E. No, Fan

BANGKOK

Chisi Manager.

3. M. Grayburn, Fag

DRA KOLLES 1-

LONDON

Her

DATAVIA

DONDAY

CALCUTTA

LYONB

MALACCA

MANILA

MUA (Johor.

CANTON

NUXDEN

CHEFOO

NEW YORK

COLOMBO

PEIPINO

DAIREN FOOCHOW HAIPHONG

PENANG

HANGOON

SATION

HANBURG

SUJANO HAI

NINJAPORE

HANKOW MARGIN ItONOKEW

ELDILO

Пром

JOHTORE

KOBE

KOWLOON

KUALA LUMPok

SAN FRANCISCO

BOUNA BYA

SUKORI PATANI

TIENTBIN

TOKYO

BUKOTAG YOKOHAMA

Currenk kommunis operind în Local Curency and Fixed Deposu fondred for 100 year or sharter periods in Loost Ourroney and Berling a perush which will be quoted on application. Hong Kong, December T. 1881. '

HONG KONG SAVINGS BANK.

The Buinews of the abors Bank la conduol

by the HONES KONG AND SHANGHAI BANK IND CORPORATION. Holm nay be abtaluod un appation,

FOR THE HONGKONG AND SHANGHAI BANKING CORPORATION.

V. M. GRAYBURN,

Chiot Manager.

Hong Kong. 10th July, 1900.

THE BANK OF CANTON, LTD.

Established 1912.

Head Office-Hong Kong,

Authorised Capital (U.E. Currency) ...$11,000,000 Paid-Up Caplikt og Beatre Fund

ERANCHER:-

8,388,000 1,100,000

Canton, Shanghai, Hankow, Heaterer, Bangkok, New York and San Francisco,

LONDON BANKERS

The Lord's Bank, frafted, CORRESPONDENTE

La ali principal oliion of the World,

Foreign Exchange and tanking burizess of

every decription trenzastod

Bala Dapat Bone (various plane) at a yearly

rental of lesin #3 to $40.

LOOK POONG SHAN,

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Incorporated by Royal Charter, 1853.

"THE HO HONG' BANK, LTD.

(Established 1917.)

HEAD OFFICE:——SINGAPORE. · Hong Kong Branch: 18, Queen's Rd. C.

Authorised Capital Straits 399,000,000

Irasd Capital ....

8,000,000

Paid-up Capital ...

4,000,000

Beserve Liabilities

of Shareholders Surplus

4,000,000

2,887,000

Branches, Agencies and Cornroh £3,000,000 | dents in the principal cities of" the £4,000,000 | world.

Every description of Banking and .£3,000,000 Exchange business transacted.

TAN ENG HOOL,

HEAD OFFICE: LONDON.

Paid-up Capital

Reserve Fund

Reserve Liability of

prietors

Pro-

Agencies and Branches:

KUCHING

VADBAS

ALOG STAN

AURITSAR

BANGKOK DATAVIA BOMBAY CALUUTTA QANTON CAWNPORE CEBU COLOMBO DAISEN

DELHI HAIPHONG HAMBURG HANKOW

HARIN

HONG KONG

110110

11011

KARACIU

KLANG

KODE

KUALA KANOBAI

EDALA LUMPUR

MANILA-

MEDAN

NEW YORK

PETING (Pking)

PERANO

RANODON MAIOON REMAHANG SKEEMBAN SILANDHAI SINO PORE NITIAWAN SOURANAYA

TAIPINO

TIENTSIN

TOKYO

TIMIKAŬ (Ukokot)

TKINOTAO

TONDHAMA

ZAMBOANNA

Foreign Exchange and General Banking business transacted.

Current Accounts opened and Fix-

ed Deposits received for one year or shorter perioda at rates which will be quoted on application.

J. STUART,

Manager. Hong Kong, August 17, 1931.

NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.

(NETHERLANDS TRADING SQUIETT

BANKERS.

Ketablished 1824.

Hong Kong 01-1), Queen's Road Central.

Authorised Capital Paid-up Capital Hero Fuad ........

Gliders 150,000,000-

Ouilders 80,000,000- Ocilder 40,015.000-

Eland D-AMSTERDAM”. Kastam Boad DB-BATAVIA,

Djok

Kobe, Paka

Branches:-Bandformasin Bandoen", Bombay

Calcutta Charilo, Djember, jskaria", The Hague". Jiddah, Kakumar, Keden, Palembang. Lengan Panang, Rangoon, Beltordam*, Remartog, Shanghal, Ringwpoes, Sours bais. Bonrakerte (Gale), Tagul, Tillatjap and Wallarredan”,

• Toma offene have Safe Deposit Domes to Lat.

LONDON BANKERS-

NATIONAL PROVINCIAL BANK LTD.

Correspondence all over the world. Banking Bisati ms at every descriptiom tranhasted,

A STOLZINE,

Hong Kong. Lai December, 1981.

Manager

BANQUE DE L'INDOCHINE.

HEAD OFFICE:

96, Boulevard Haussmann, PARIS.

Capital fully paid up Frs. 120,000,000 Reserves (31.12.1990) Frs. 116,588,454 BRANCHES:

Judo-China.

China. Saigon

Canton Battambang Cantho Fort-Bayard Haiphong Hankoon Hanoi

Thanh Hoa

Нив Nam Dinh Prom-Penh Quinhon Tourane Vinh

Hongkong

Noumea

Papeete

Pondichari

Mongize Peping Shanghai Tientsin Yunantou Singapore

Every description of Banking and Exchange Business transacted.

and

Commerce

Finance

SHOULD THE ACT BE AMENDED

OWNERS' ATTACK ON REORGANISATION

THE COAL QUOTA.

to

The Government has invited the Somo have been consistently hostile Minars Federation to express its to control in any shape or form, views on the working of Part I. of and have blamed the Act for many the Coalmines Act, 1930, which effects of which it has obviously deals with the regulation of the not been the cause; others have production, supply, and sale of strongly supported the measure, coal. The Federation has also while in general colliery-owners been asked whether, in its view, have been inclined to approve out- Other Places the provisions of Part I. should be put and price regulation, but have amended or altered, and whether been aggrieved that statutory com- Bangkok

it should be extended beyond the pulsion has been behind it. time laid down in the Act-Decem Djibouti

The Act has certainly not fulfill- ber. 31, 1932.

ed all that was. hoped, but it can- The Executive Committee of the not be disputed that regulation has Federation met in London and yielded financial advantages decided to accept the in- most districts, and that it has re-. vitation and to prepare a memoran-lieved the industry of a large sur- dum on the subject. The Federa-plus output, the presence of which tion is in favour of the principles would have been disastrous in face of the measure and its continuance, of the persistent world overproduc- and the memorandum which will be tion and unprofitable prices which submitted to the Government later have ruled in the past twelve will be based on this view.

months or so. Colllery owners are The Executive Committee is at now engaged in discussing a sug- present in negotiation with the gested Government policy which Mines Department regarding the would aim at achieving economies possible issue of an order making and smoothing the incidence of the use of automatic gas detectora output and price regulation. It re- compulsory in mines.

mains to be seen what proposals the owners will make, but it s generally believed that they will advocate the abolition of the Coal- mines Reorganisation Commission, the Mines Department as a separ- For some time past the mine- ate department, and the miners' owners have been in consultation welfare levy. It is asserted in the with the Government both about trade that it is compelled to carry the Act and about public expendi-financial burdens, and has to con- ture on the industry, and develop-form to departmental regulations meats are promised shortly. It from which other trades are free, has always been difficult to ascer-and that these handicaps have con- tain the precise attitude of the tributed to its present unfavour- colliery owners to the Act of 1930. able position.

Interest allowed on Current Account and Fixed Deposits according to ar rangementa.

Safe Deposit Boxes to let. Travellers' sheques issued.

A. BONNAUD,

Manger

5, Queen's Road Central, French Bank Building. Hong Kong, 1st November, 1931,

THE NATIONAL CITY BANK OF NEW YORK.

HEAD OFFICE: 55, Wall Street, NEW YORK.

Capital, Surplus and

Undivided Profits..U.S.$226,037,892

Branches in-

ARGENTINE BELGIUM BRAZIL

CHILE

Manager.

CHINA COLOMBIA CUBA

DOMINICAN

THE

REPUBLIC

Chief Manager.

AMERICAN EXPRESS COMPANY.

INDIA ITALY

INC.

JAPAN

Itead Office-65, Broadway, New York.

Capital

Surplus

THE BANK OF CHINA.

行銀國中

Reorganised October 26, 1928, under

special charter of The National Gov-

INTERNATIONAL EXCHANGE

BANK.

Subscribed Capital

ernment as an

Pald-Up Capital

Reserve Funds

HEAD OFFICE: SHANGHAI

Reserves

.U.S.$8,000,000 .U.S.$1,572,454 U.S.$1,908,209

BRANCHES:-

...$26,000,000.00

Asterdatu

,$24,710,200.00

.§ 8,620,503.82

Boate

Bertin

Harrita

Batubay

bramek

Erl

Buenos Aire

Cairo

Calcutta

Colombo

Goo34 Glasgow Have Hamburg Farre Interlaken Jerukalom Lido Loudon Liverpool Lucerne Lan Luste Barwola Constantinople Moula Darlo

Ninn

Saples Pieseu Parla Peng Paking Palermo Motorin Кита

Sou Shangh Bouthampton

HONG KONG BRANCH:

4. Queen's Road Central.

Owing to our numerous branches in China and large connections in the important commercial centres of the world, we are able to extend to our ellents special facilities for domestic and foreign banking and exchanges.

We also handio the issue of Bonds

Canno

Expenhagon Blandi

Extaburgh Munich Morence

blontreux

Singapore

81. Marte 'Tiputain

Fiona

Vendon Yokohama Zarish

Branches of American Express Com-

and other Public Funds of the Chin-pany in Principal cities of United ese Government both at home and

abroad.

SHOU J. CHEN,

Manager.

Hong Kong, 5th March, 1981.

THE YOKOHAMA SPECIE BANK, LIMITED.

Established 1880.

Capital (fally paid-up) Yen 100,000,000 Reserve Fund

Yen 116,200,000

Head Office:-YOKOHAMA. Branches and Agerelte at:

Alexandria

Berlin

Canton

Changchun

Nagasaki Nagbin Newchwang

New York

Paris

Pelping

Dairen (Dalny) Bangoon Fengtien (Mukden) Rio de Janeiro

Hankowe

Harbin

San Francisco Seattle!

Semarang

States of America and Canada.

LONDON

MEXICO

PANAMA

PERU PHILIPPINE

ISLANDS

PORTO RICO

SETTLEMENTS!

STRAITS

URUGUAY

VENEZUELA

Commercial and Travellers' Letters

What The Owners Want. A leading article in a recent issue of the "Manchester Guardian Commercial" said:-

5

CARS.

OLD - ELECTRIC RAIL The new rail coach, which has a 250 b.h.p. capacity, la capable of carrying 60 passengers and lug gage at 65 miles an hour. It manufactures its own electric power as it runs, can be driven from both ends, and can haul one for two additional coaches, from

First Completed at Newcastle.

of Credits, Travellers' Cheques, Billa

The completion of the first of the either of which it can be driven. of Exchange and Cable Transfers Diesel-electric "mystery" rail cars This obviates entirely the need for bought and sold. Current decounts that are soon to be run on the shunting or turning.

and Savings Bank accounts opened British railways is officially

an-

and Fixed Deposits in local and for-nounced at the Scotswood, New eign currencies taken at rates that

Economy in Running

Its running costs a mile are not may be ascertained on application to castle, works of Sir W. G. Arm- more than half those of a

Bank.

the

We are also able to affer our Cus-strong, Whitworth and Co. (En- locomotive service tomers the services of the Branches gineers) Ltd.

stenm

of the зате capacity. Only one man is requir- of the International Banking Cor-

Secret.trials are to be made dur-led to operate each car. peration in San Francisco and Spain ing the next few weeks on special The rail car," stated an official and also of The National City Bank tracks laid down at the Scotswood of Messrs. Armstrong, Whitworth, of New York (Franco), S.A., in Paris works, after which the coach will, is only a small unit intended for and Nice.

Manager.

F. McD, COURTNEY,

Hong Kong, June 16, 1981.

THE BANK OF TAIWAN, LTD. (TAIWAN GINKO.)

HEAD OFFICE:-Tulpeh, Formosa.

Incorporated by Special Imperial Charter, 1899.

Caste! Bank in Formosa. Bok-Kotes lesund Average sinbuns 2.Yen. 45,000,000 BRANCHES AND AGENCIES:

All classes of Commercial Banking JAPAN Torko, Yokshame, Kobe, Osaka. Transactions undertaken.

Personal handled.

Investment

accounts

The Company offers to intending Travellers the use of its "Travellers Cheques" and Letters of Credit and, In addition, the world-wide services of its thoroughly equipped Travel Department.

.E. W. DUGGAN,

Manager.

FORMOSA

Kagi. Karenko Mekong, Neto, hinahiku, Taichs, Tainan, Takao, T, Toen, Hella, Talto. CHINA:- Bhanghai, Hanker, Amoy, Foochon,

Swatow, Cal

OTHERS:-oog Kong,

alagapore, Boerlays, Semarang, Batavia, Bombay, London, Jaw

York, Dalma.

LONDON BANKZSS;

Barclays Bank, Lid, Lloyde Bank, Ltd., Midland Bank, Lid, Wirtminster Bank, Ltd. The Bank bas Correspondenle fri all the principal Commercial Centras, throughout the world. X NAGURA,

Manager.

HONG KONG. BRANCH:

TV Food Central. Hong Kong. December 3, 181.

THE BANK OF EAST

Established 1918. HEAD OFFICE:

ASIA, LTD.

10, Des Voeux Road, Central. HONG KONG

Capital and Buṛplus Total Resources

Graz: X$ 6,000,000.60 A.K30,000,000.00

Every description of Banking and Exchang bustabss transacted.

Current and Fixed Deposit Accounts in local and für- elgu, currencies opened for clients.

Savicka Account and Safe Deposit Boxes Blancbèl ma Arunaina Maf ovaricha wird; JO KAN TONG PO

be given fall trials on the London fast, branch line and short distance and North Eastern Railway, under main line traffic, but it is identical, the supervision of the chief in operation with, though different mechanical engineer of the com-in appearance from, the powerful (Continued at foot of next Column.)

pany.

1

Overland China Mail.

A WHOLE WEEK'S NEWSPAPERS IN ONE.

The public examination in bankruptcy of a young, European resident took place in the Supreme Court, before . the Chief Justice, on January 14.

A.O.F. C. Average of Shanghai Stocks

BEPROSVAZATAS STOCKS

The debtor, whose liabilities amounted to $17,790 and assets $615, attributed his Insolvency to transactions with share brokers and exchange transactions,

In the first six months of 1981 he made between $8,000 and $10,000, but started to lose when the market went against him in July. His biggest fall came in September and he found himself bankrupt.

4

The OVERLAND CHINA MAIL gives a full report of the debtor's examination.

*

As the sequel to the burning of a cinema Alm at Kiddies' Christmas Party at a Peak residence on December 23, Messrs. Pathe Orient, Ltd., who were the exhibitors at the party, were summoned in the Central Magistracy. They were not convicted because the Magistrate found that it was not a public entertainment.

On other counts, however, the firm was fined for fail- ing to furnish a statement regarding removal of promises, and illegal storage of films.

A report of the Court case is given in the OVERLAND CHINA MAIL.

* * +

A record January Assizes which lasted only a quarter of an hour with only one case on the calendar opened and closed before the Pulsne Judge (Mr. Justice R. E. Lindsell) In the Supreme Court on the morning of January 18.

The accused in the case was Chan Wing (36), who pleaded "guilty" to a charge of burglary at Mongkok, had an unenviable record of crime. First convicted in 1905 at the age of 11 years, he had, since, been convicted no fewer than 31 times, and had spent 19 years (half of his life) in Victoria Jail.

The OVERLAND CHINA MAIL furnishes a full report of this remarkable case.

In the realm of sport, football, "Rugger," cricket, hockey, yachting and golf are at present in the limelight here, the OVERLAND CHINA MAÏL carries full accounts of the various games. The dispute between the H.K.F.A. and the Chinese "Soccer" Clubs is still unsettled and the Chinese are running their own 'football competitions in- dependent of the Association. Reports of these matches are also given in the OVERLAND CHINA MAIL.

There is no phase of the life of the Colony or of China that does not receive attention in the OVERLAND CHINA MAIL-

the weekly paper that YOU MUST ORDER NOW.

READY NOW.

Mail via Suez closes at 6 p.m.. Jan. 22.

and via Siberia at 6 p.m., Jan. 22,

SINGLE COPY

25 Cext

(Sold on the streets and at the bookstall or you can send your subscription to the sea-HE. 613 per anim, se

$19 including postage abroad. Hal:-yearly or quarterly periodò pro ratu.)

No. 3A, WYNDHAM STREET-PHONE 20012.

THE OVERLAND CHINA MAIL.”

oll-electric main-line locomotives to have a number of these rail cara · now being built by us. We expect to have a member of three rall cars ready for use within a few weeka' time."

The new cars are, the first of their type to be produced for British service, although the Diesel-electric system has been adopted in eighteen overseas coun; tries.

Railway's Opportunity.

A growing body of public and oficial opinion is now urging the adoption of the system on the British main lines as a way of restoring the railway's prosperity. It has been shown that sayings of $22,000,000 per annum in work- ing costs could thus be effected, from which sum #18,000,000 would be available for the cutting of goods and passenger rates.

To instal the system throughout the main lines with speeded-up services would cost $154,000,000 compared with a cost of £341,000,- better tone has been in ovid! Décember 24. Shanghat. Lands has a constructive nature is expected the Weir Report; while the return 000 estimated. fór electrification In ence on the iShanghai Stock Ex-been a steady issue and advances to be released from time to time on capital it is estimated, would be Age In the latter part of the bagtanve been registered by the Cotton"; now as companies report for the 15 per cent as compared with a shares. Trams is still one of the year 1981.. Shares may be expected yield of 6% per cent. for electzi- week Small price improvements bright spots of the market to respond to the facts and figures neation. have been registered by the active The political situation has taken of the progress that has been re-

and financiál people are felf, fajtákn for the better now that one gialore..

cornier | of the Important, leaders, Wong.

Ching-wel, has signified his inta

parteipating in the new

Chinese bonds hav wall," and the Gyên Frently," khóws

bre: stable and settled aditions tidh

gover

masaured by the been

fegularly) higher | dönel 16w/out Blisbed-

oud market

The statistical ecord of the A. 0, F. C. Average follows:

24,10

Jang

19, 1981 28.66

QUALITY

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